OPN funding rates and arbitrage

OPN perpetuals trade on 14 contracts across 14 venues, forming 91 cross-venue arbitrage pairs. By net APR the current best pair is long Kraken against short Coinbase, netting +1025.04%, with both legs settling on the same cadence。

OPN perpetual funding rates by venue

APR = current rate × (24 ÷ settlement interval) × 365. Venues settle on different cadences, so rates must be annualised before comparing.

Venue	Contract	Margin	Settlement	Current rate	APR	24h avg APR	24h volume	Mark
Binance	OPNUSDT	USDT	4h	0.0050%	+10.95%	+10.24%	$3.3M	0.04756
BingX	OPN-USDT	USDT	4h	0.0050%	+10.95%	+10.95%	$1.7M	0.04757
WhiteBIT	OPN_PERP	USDT	4h	0.0050%	+10.95%	+10.95%	$1.6M	0.04761
OKX	OPN-USDT-SWAP	USDT	4h	0.0050%	+10.95%	+10.95%	$1.6M	0.04760
LBank	OPNUSDT	USDT	4h	0.0050%	+10.95%	+10.19%	$1.1M	0.04756
Bybit	OPNUSDT	USDT	4h	-0.0132%	-28.91%	-7.96%	$491K	0.04753
MEXC	OPN_USDT	USDT	4h	0.0050%	+10.95%	+10.21%	$165K	0.04756
Bitget	OPNUSDT	USDT	4h	0.0050%	+10.95%	+10.95%	$162K	0.04751
Gate	OPN_USDT	USDT	4h	0.0050%	+10.95%	-3.36%	$101K	0.04753
KuCoin	OPNUSDTM	USDT	4h	0.0050%	+10.95%	+10.95%	$35K	0.04753
Aster	OPNUSDT	USDT	4h	0.0050%	+10.95%	+7.13%	$13K	0.04754
Kraken	PF_OPNUSD	USD	1h	-0.0224%	-196.35%	-97.32%	$3K	0.04749
Deribit	OPN_USDC-PERPETUAL	USDC	8h	0.0029%	+3.15%	+3.42%	$1K	0.04756
Coinbase	OPN-PERP	USDC	1h	0.0946%	+828.70%	+828.70%	$0	0.06058

OPN cross-venue arbitrage pairs

Short the higher-APR leg and go long the lower one; net APR = short leg − long leg.

Long	Short	Net APR	Daily	24h avg	Settlement	Liquidity
Kraken USD	Coinbase USDC	+1025.04%	2.8083%	+926.02%	1h matched	$0
Bybit USDT	Coinbase USDC	+857.60%	2.3496%	+836.65%	4h / 1h	$0
Deribit USDC	Coinbase USDC	+825.54%	2.2618%	+825.27%	8h / 1h	$0
Aster USDT	Coinbase USDC	+817.75%	2.2404%	+821.57%	4h / 1h	$0
Binance USDT	Coinbase USDC	+817.75%	2.2404%	+818.46%	4h / 1h	$0
BingX USDT	Coinbase USDC	+817.75%	2.2404%	+817.75%	4h / 1h	$0
Bitget USDT	Coinbase USDC	+817.75%	2.2404%	+817.75%	4h / 1h	$0
Gate USDT	Coinbase USDC	+817.75%	2.2404%	+832.06%	4h / 1h	$0
KuCoin USDT	Coinbase USDC	+817.75%	2.2404%	+817.75%	4h / 1h	$0
LBank USDT	Coinbase USDC	+817.75%	2.2404%	+818.51%	4h / 1h	$0
MEXC USDT	Coinbase USDC	+817.75%	2.2404%	+818.49%	4h / 1h	$0
OKX USDT	Coinbase USDC	+817.75%	2.2404%	+817.75%	4h / 1h	$0

Opinion project profile

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Key facts

Total: 1.00B
Max supply: 1.00B
Type: Token
Market cap rank: #1182

Solana EcosystemPolygon EcosystemEthereum EcosystemReal World Assets (RWA)Base EcosystemRWA Protocol

Contract addresses

ethereum0xc28eb2250d1ae32c7e74cfb6d6b86afc9beb6509

base0x9a6d24c02ec35ad970287ee8296d4d6552a31dbe

polygon0x7844f79fc841e4f92d974c417031c76f8578c2d5

solanaJ1YnyKzmxBwFkPftvZexnHTm4Am7JnmWydhxtXdwEmMv

Block explorers

etherscan.io intel.arkm.com ethplorer.io solscan.io polygonscan.com basescan.org

About

The OPEN Ticketing Ecosystem is the home of on-chain ticketing. Having built state-of-the-art ticketing infrastructure that has issued over 5 million on-chain tickets globally, the OPEN ecosystem provides tools for integrators, event organizers, and artists to take back control of their ticketing and tap into new avenues for financing, access, and fostering fan relationships.

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Funding rates for other coins

RESOLV+581.3%RSR+80.4%RUNE+980.7%SKHY+52.9%SPY+25.7%USELESS+19.1%XMR+70.0%XTZ+42.5%ZK+167.3%ACE+335.2%AIXBT+192.3%AMZN+47.3%

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